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image Interest Rates FCNR(B)/RFC

The details of revised rates of interest on FCNR (B) & RFC term deposits in the permitted currencies w.e.f. 27.07.2023 are given below:

FCNR (B) Deposits:

Maturity Period

USD < 500,000

USD >= 500,000

GBP

Existing

Revised

Existing

Revised

Existing

Revised

1 YR<2YRS

4.50

5.00

4.50

5.25

3.96

4.50

2YRS<3YRS

4.30

4.30

4.30

4.30

3.50

3.50

3YRS<4YRS

4.05

4.05

4.05

4.05

3.25

3.25

4YRS<5YRS

3.80

3.80

3.80

3.80

3.00

3.00

5YRS ONLY

3.80

3.80

3.80

3.80

3.00

3.00



Maturity Period

EUR

JPY*

CAD

AUD

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

1YR<2YRS

2.05

2.15

NA

0.01

3.61

4.00

3.25

3.50

2YRS<3YRS

2.05

2.05

NA

0.01

3.61

3.61

3.20

3.20

3YRS<4YRS

1.55

1.55

NA

0.01

3.31

3.31

3.30

3.30

4YRS<5YRS

1.55

1.55

NA

0.01

3.26

3.26

3.40

3.40

5YRS ONLY

1.55

1.55

NA

0.01

3.26

3.26

3.50

3.50



 

RFC Deposits:  

PERIOD

USD < 500,000

USD >= 500,000

GBP

EUR

JPY*

CAD

AUD

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

TERM DEPOSITS

                            
6 M to 
<1 YR

4.50

5.00

4.50

5.25

3.96

4.50

2.05

2.15

NA

0.01

3.61

4.00

3.25

3.50

1 YR to <2 YRS

4.50

5.00

4.50

5.25

3.96

4.50

2.05

2.15

NA

0.01

3.61

4.00

3.25

3.50

2 YRS to <3 YRS

4.30

4.30

4.30

4.30

3.50

3.50

2.05

2.05

NA

0.01

3.61

3.61

3.20

3.20

3 YRS

4.05

4.05

4.05

4.05

3.25

3.25

1.55

1.55

NA

0.01

3.31

3.31

3.30

3.30







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